A consortium of Apollo Global Management, Inc. and Tega Industries Limited has acquired Molycop, a leading global supplier of grinding media for the mining industry, from American Industrial Partners, for $1.45 billion.
Argus Partners advised Tega on the consortium arrangements with Apollo, as well as the consortium itself on the overall acquisition.
The transaction team consisted of Krishnava Dutt (Managing Partner), Armaan Patkar (Partner), Jaidrath Zaveri (Principal Associate), and Associates Kanishk Gambhir, Vishakha Somani, Srishti Solanki, with anti-trust advise being provided by Adity Chaudhury (Partner), and Associates Anika Sharma, Anoushka Mani, Suvanwesh Das.
Latham & Watkins has advised Apollo on the consortium arrangements with Tega, as well as the consortium itself on the overall acquisition
The transaction team was led by James Clayton-Payne (Partner, Singapore), Justin Rosenberg (Partner, NY), Nicholas Luongo (Partner, Washington D.C.) and Marc Granger (Partner, Washington D.C.).
Advice was provided on finance matters by Manu Gayatrinath (Partner, Washington D.C.) and Melissa Fabian (Partner, Washington D.C.);
on tax matters by Katharine Moir (Partner, Silicon Valley);
on ESG matters by Joshua Marnitz (Partner, LA);
on DTT matters by Morgan Brubaker (Partner, Washington D.C.);
on real estate matters by Dara Denberg (Partner, NY);
on antitrust matters by David Brenneman (Partner, Washington D.C.).
The acquisition puts Tega in a leading position in the mining sector with access to an extensive manufacturing platform comprising 26 manufacturing facilities across the globe.
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